“Your first 50 right steps to enter the Russian food market”.
Step № 33 – “Open a joint venture or buy a stake in a Russian business”
Opening of a joint venture (in Russia “SP”) involves creation of a new company with your participation in the charter capital of a Russian legal entity.
Advantages: your Russian partner is aware of the situation on the market; he/she is familiar with the law and has necessary knowledge and contacts in the industry for a confident start of your new joint venture. You as a foreign founder can, for example, provide industrial equipment that is not produced in Russia. In accordance with the Tax Code of the Russian Federation such equipment is exempt from import tax…
Business Adviser on Russian Food Market